• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Gold Market: ‘Risk On’ Is Returning, Favors Junior Gold Miners

By Kurt Osterberg · On April 12, 2018

It is clear that gold is preparing a mega-breakout. After a 7-year bear market, I started sensing a couple of months ago that Gold would break out, starting a bull market in 2018. More recently, we confirmed our viewpoint with this article: Gold And Silver Bull Market Of 2018 About To Start.

Today, we see another strong day in gold, which is moving above the so important $1360 price level.

As all this is taking place in the gold market we see another signal confirming strength is returning in gold: ‘risk on’ is returning on rising gold prices. That, of course, is a strong ‘market internal’ indicator.

We are specifically focused on the junior gold miners to gold mining index. Technically, it is the GDXJ to GDX index ratio. The chart below shows the evolution of this ratio.

Visibly, in 2017 it was weak, very weak, and it contributed, as a secondary indicator, to conclude in October that the price of gold would not be bullish in 2018. Since December, though, we start seeing strength, and it continues to build momentum.

It is one of the many signs we got that confirms our thesis: gold will be bullish in 2018! Junior gold miners will do well in this environment, though it can well be that the gold price will be the strongest in this early phase of the new gold bull market.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.